In today's episode of the PIIE Financial Statements web events series, we discussed how to think about reform of the U.S. financial system with Atif Mian of Princeton University and Patrick Honohan of Trinity College Dublin and PIIE.
Today's session of the Financial Statements series at PIIE was a wide-ranging discussion of the lessons of the COVID-19 sequence so far in terms of capital markets functioning and regulation. I hosted Barbara Novick, Vice-Chairman and co-founder of BlackRock, and Jeremy Stein, chair of the Economics Department at Harvard University.
Today's session of the Financial Statements series was dedicated to the challenges created by new technologies and new tech-enabled financial firms for financial regulators and supervisors. My guests were Benoît Coeuré, head of the recently created Innovation Hub at the Bank for International Settlements in Basel, and Stanley Fischer, former Vice Chair of the US Federal Reserve System.
In the session of the PIIE Financial Statements series held yesterday, Thomas Wieser and Simeon Djankov discussed possible changes in the fabric of European finance resulting from EU policies - such as the project of a Capital Markets Union, on which Wieser chaired a group that produced a report earlier this year -, from the exit of the UK (Brexit), and from the COVID-19 pandemic.
In this new episode of the PIIE Financial Statements series, Fudan University's Qian Jun and PIIE's Nick Lardy discussed the changing structures of the Chinese banking system, including lessons from recent bank failures, such as that of Baoshang Bank last year, and the quality of troubled asset recognition.
The third episode of Financial Statements, yesterday (July 7), was a discussion of the mid-March turbulence in the US Treasuries market. I hosted Anil Kashyap of Chicago Booth (also member of the Bank of England's Financial Policy Committee) and Peter Fisher of the Tuck School at Dartmouth. We went into a fair degree of detail on an episode that raises big questions about the role of public authorities in times of market volatility.
In this second episode of the Financial Statements web event series at PIIE, on June 25, I hosted Dietrich Domanski, Secretary-General of the Financial Stability Board in Basel, and PIIE Board Member Caroline Atkinson, to take stock on the G20 financial reform agenda initiated in 2008-2009 and future prospects.
This month the Peterson Institute for International Economics started Financial Statements as a new biweekly series of web events, of which I am the regular host. The first episode, on June 10, featured Anne Van Praagh (Moody's) and David Wilcox (PIIE) to discuss credit prospects on the context of the Covid-19 pandemic.